Sai Life Science Ltd., a Hyderabad-based global pharmaceutical company backed by TPG Group, has filed preliminary papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). This significant step will help the company raise funds to support its growth and operational needs. IPO Details and Shareholder Information Sai Life …
In October 2022, the Reserve Bank of India (RBI) mandated that Non-Banking Financial Companies (NBFCs) belonging to the upper layer (UL) of the system should be listed publicly on the exchange by the end of September 2025. As a result, we have observed HDFC Bank Ltd., one of India’s largest private sector banks, taking steps …
Today, on the last day of the bidding process, Emcure Pharmaceuticals Limited IPO was subscribed 67.84 times. The retail portion was subscribed to 7.33x, 191.24x in Qualified Institutional Buyers (QIB), 49.28x in Non-Institutional Investors (NII), and 8.78x in the employees category. Here’s a table to understand the day-wise subscription Date QIB NII Retail EMP Total …
Emcure Pharmaceuticals Limited, an Indian firm, that specializes in the development, manufacturing, and worldwide distribution of a diverse range of pharmaceutical products spanning multiple key therapeutic categories, debuted on the Indian stock market today. The company’s stock settled at Rs 1325.05 per share on the BSE, representing an impressive 31.45% premium over the final issue …
Burger King IPO launch receiving massive oversubscription exhibits investors’ strong faith in the market recovery. Burger King IPO is the fourteenth IPO to launch 2020, and the third to receive overwhelming 150 times subscription. The year overall proved to be a strong one for the primary market where companies have already raised Rs 30000 crores …
Today, on the second day of the bidding process, Emcure Pharmaceuticals Limited IPO was subscribed 4.98 times. The retail portion was subscribed to 3.50x, 0.97x in Qualified Institutional Buyers (QIB), 13.95x in Non-Institutional Investors (NII), and 4.84x in the employees category. On the first day, the IPO saw an overall subscription of 1.34 times. The …
Sanstar Limited, a company founded in 1982, specializes in the manufacture of speciality plant-based products and ingredient solutions for food, pet food, and various industrial applications in India. The company’s diverse product portfolio includes liquid glucose, dried glucose solids, maltodextrin powder, dextrose monohydrate, native maize starches, modified maize starches, and by-products such as germ, gluten, …
South Korean automaker Hyundai Motor is looking to solidify its position in India’s booming car market, filing for a record-breaking initial public offering (IPO) of Rs 25,000 crore (approximately USD 3.5 billion). This comes amidst impressive sales figures for the first half of 2024, marking their highest ever at 272,207 units, a 2% increase year-on-year. …
Vraj Iron and Steel Limited specializes in the production of Sponge Iron, M.S. Billets, and TMT bars marketed under the Vraj brand, debuted on the Indian stock market today. The stock of Vraj Iron and Steel Limited settled at Rs 240 per share on the BSE, representing an impressive 15.94% premium over the final issue …
Renewable energy company Acme Solar Holdings Limited has submitted the draft red herring prospectus (DRHP) to the market regulator SEBI to float an initial public offering (IPO) worth ₹3,000 crore. Acme Solar’s IPO comprises a fresh issue and an offer for sale. The company seeks to raise ₹2,000 crore from the fresh issue portion and …
